Skip navigation

The new battle field: an analysis of the payment systems in China

The new battle field: an analysis of the payment systems in China

Bian, Jing and Marchione, Frank (2014) The new battle field: an analysis of the payment systems in China. Journal of International Banking Law & Regulation, 29 (10). pp. 641-649. ISSN 1742-6812

[img] PDF (Published version)
24297 BIAN_Battle_Field_Payment_Systems_China_(Pub)_2014.pdf - Published Version
Restricted to Registered users only

Download (87kB) | Request a copy

Abstract

In recent years, the development of the Chinese financial system, has presented a fast changing spectrum to the rest of the world; this reform is still on going with new characteristics. Among other issues, the recent battle for the payment market is particularly interesting. This paper aims to examine the payment system; in particular the third party payment system, by illustrating the important market participants, analysing the basic infrastructures, defining the relevant conflicts and problems, and discussing the solutions. First, it studies the role of central banks, and the basic infrastructure of the Chinese payment system. Secondly, the non-financial-institution payment providers (as a group of the key players in the Chinese payment market) are analysed. Following this, the relevant law and regulatory regime is examined. In addition, the key problems of this system and further reform proposals are discussed.

Item Type: Article
Uncontrolled Keywords: China, financial regulation, payment services
Subjects: H Social Sciences > HG Finance
Faculty / Department / Research Group: Faculty of Architecture, Computing & Humanities
Faculty of Architecture, Computing & Humanities > Department of Law
Related URLs:
Last Modified: 11 Jul 2019 08:24
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: GREAT 5
URI: http://gala.gre.ac.uk/id/eprint/24297

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics